The bitcoin backbone protocol
The blockchain is parameterized in three external functions content validate predicate (v) input contributes function (i) and chain reading function (r).
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In this work, we extract and analyze the core of the bitcoin protocol, which we term the bitcoin backbone, and prove two of its fundamental properties which we call common prefix and chain quality in the static setting where the number of players remains fixed.
The bitcoin backbone protocol is executed by players that build a blockchain following the bitcoin source code 31 and allows a set of players to maintain a blockchain in a distributed fashion.
Garay and aggelos kiayias and nikos leonardos, presented at crypto 2017.
Before describing it in detail we first introduce the protocols three supporting algorithms.
The bitcoin backbone protocol analysis and applications juana.